analyst: Bitcoin at $40,000 would be 'near-unprecedented' statistical outcome, analyst says

Mean-reversion models suggest bearish targets imply a 0.4th percentile event, far beyond typical market corrections. What to know : A drop to $40,000 would place bitcoin in the 0.4th percentile of historical price deviations, making it one of the most statistically extreme events on record. At around $78,000, bitcoin currently sits near the 31.5th percentile, indicating a historically weak, but still normal, correction range.